Webull is a commission-free stock, ETF options trading policy made for the active trader who is seeing for a more active user interface. Webull has built an ideal platform for active traders, and they are currently providing their service completely free. Webull is a countless choice for anyone who wants to take charge of their funds. Their technical abilities allow the average millennial to start investing in stocks for little cost. You can get started trading just a small amount and learn as you go with Webull, all from your mobile phone.
Different Account Types Available On Webull
Webull provides only individual cash and margin accounts. The account types are different based on the desired minimum deposit and the availability of day trading, leverage, and short sale.
The needed Webull minim deposit is zero for a cash account but can be more if you trade on margin, prefer short positions or limitless day trading.
Different Types Of Orders
Webull is a member of the securities investor protection corporation (SPIC) that shields the securities of its member’s clients up to $500, 000. Apex Clearing Corporation provides an extra insurance policy. There are two different types of orders available on Webull.
Limit order: It is activated at a price reserved by you when making your order. It is filled at the limit price or better. If the market price never reaches your limit price, your order is not filled.
Market order: It is generated when placed and is filled at the market price.
Stop order: The stop-loss order activates at a predetermined stop price and fills at the current market place.
Stock limit order: Elj stock allows you to select your predetermined stop price and fills at your predetermined limit price.
Advanced orders:Stop loss or take profit orders defend you against losses and assist secure profits by grouping an order with a stop loss, a profit target, and a trailing stop. Once one condition is met, the order automatically moves to the exit position. To stop-loss orders, you can make your portfolio using OCO, OTO, as well as OTOCO orders.
Extended hours trading.Many investment tools claim to provide extended hours trading, but Webull really makes good on this promise with longer hours than most platforms. You’ll be able to trade in extended hour timings from 4 am to 9:30 am and 4 pm to 8 pm EST. It is a very useful tool for anyone who has a busy schedule.